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IIFL

Overview Overall

"IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you from the offline hurdles. Most of their works are paperless which hasten their every process. With the experience of more than 2 decades, they become a reliable broker to trade through"

Brokerage & Other Charges

Mobile Trading

Research

Customer Services

Why Indian Infoline?

Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world.

Indian Infoline is one the experienced financial service conglomerate which was established in the year, 1995. They are among the first financial broker who entered the market with the discount service brokerage by the name of 5paisa.com.

This financial company has gained massive popularity under the leadership of Mr. Niral Jain who holds the position of the chairman in the IIFL. They work on a constant improvement to improve their services and provide the best experience to their customer. Even their website says that they work with the vision of "To be the most respected financial service company in India – not necessarily largest or most profitable".

Apart from serving Indian investors, they help NRIs also and have their presence all over the world. They have offices in Canada, USA, UK, Mauritius, Hong Kong, Switzerland, UAE, and Singapore

They have got recognition for their commendable work by many communities. For examples: They won Best Private Banking Services. Over All India 2017 by Euromoney. ET have recognized them as Best BFSI brand. Also, They have won the award of Digital Innovation Champion by CIO Crown 2016.

IIFL is amongst the largest retail broker having a pan India presence with 1900+ branches across the country and have more than 20000 employees.

IIFL Markets (mobile trading platform) is the best rated (4.3) and highest downloaded app among its peer group on Google Play Store.

Affiliation Details

CIN : U67120MH2004PLC147365

DP ID :

NSDL: IN-DP-NSDL-185-2000

CDSL: IN - DP-352-2006

Research Analyst : INH000000248

Portfolio Manager: INP000002213

IIFL NSE Member ID:

Capital Market (CM) - INB 231097537

Future & Options (F&O) - INF 231097537

Currency Derivatives (CDS) - INE231097537

IIFL Member ID:

Capital Market (CM) - INB 011097533

Future & Options (F&O) - INF011097533

Customers Service

IIFL offers multiple communication channels to its clients for using the customer service:

Account opening &amps; AMC charges

Trading Account / Demat opening is the onetime fee that IIFL charge while initiating your account opening process. Trading /Demat AMC (Annual maintenance Charges) is an annual fee charge by IIFL to maintain your account, this is annual charges and deduct from your account even if you haven't traded for a year.

Type

Account Opening (One Time)

Annual Maintenance Fees (Yearly)

Trading Account

INR 750

NIL

Demat Account

555

INR 300

How to open account with Indian Infoline?

Like any other broke, at IIFL also, you can start investing your money in stocks and other financial product after opening a trading account. You can open a 2-in-1 trading account with IIFL through offline as well as an online platform. We have enumerated the method of opening the 2-in-1 Trading & DEMAT account with IIFL below:

Opening account through the offline medium:

If you are unfamiliar and uncomfortable with the online process which is without any doubt is the easier way to open the account, you can switch to the offline method. In this process, you can call the IIFL representative, and they will assist you with the further process of downloading the form online and then sign it at the required places along with the self- attested documents. After the completion of form completion, you have to submit the document at the nearest office.
If you are finding difficulty in downloading the form, you can visit the office and collect the account opening form from there.

Opening account through the online medium:
This is the easier way as you can open the account by a few clicks. Go to IIFL website and click on the account opening icon. Fill the application form and make sure you keep all the documents handy. In case you find difficulty on any step, you can immediately pick up the phone and consult IIFL representatives.

Like many discount brokers, IIFL does not provide any kind of referral or discount code. The process is solely by the online or offline application form submission. Their representatives provide you all the assistance in case of any hurdles. They even do not believe in any promo code as well.

The Final Thoughts

IIFL is a trusted name in the stock broking industry and entered in the market with pioneer discount broker 5paisa.com. They are known for worldwide presence which makes it stand out from other broking firms. Also, the number of product and service they provide is more, and it helps in diversifying your portfolio. They allow you to invest in equity SIP and even their online services are worth trying. However, one point which concerns us is the less transparency in the brokerage plans. On the whole, we can suggest you go with IIFL trading and DEMAT account if you are comfortable with online trading and looking forward to expanding your portfolio.

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